Stoltz airport office park nears completion

Author: T. Illia, Las Vegas Business Press  Date: 06.30.08

Stoltz Management Co.'s new upscale airport office park is nearing completion. The $50 million, 180,000-square-foot Sunset Pilot Plaza will debut in early August... Read More >>

COMPENSATION: WAGING CHANGE

Author: H. Smith, Las Vegas Review-Journal  Date: 06.29.08

Downtown Las Vegas bartender Arlana "Red" Alvarez could make something more than minimum wage if she joined a union and worked on the Strip. Or she could go back to a salaried office job... Read More >>

Airline crisis could kill Ivanpah airport

Author: M. Hansel, In Business Las Vegas  Date: 06.27.08

Recently, speculation has been that McCarran International Airport will exceed capacity years before the overflow airport at Ivanpah is built. The recent surge in fuel costs... Read More >>

Jon Ralston on Politics

Author: J. Ralston, In Business Las Vegas  Date: 06.27.08

The Las Vegas Chamber of Commerce's contributions to the state's political discourse on taxing and spending - Just Say No to Everything - has done little to elevate the discussion... Read More >>

Gambling in America

Author: Economist, Economist.com  Date: 06.26.08

Las Vegas’s casinos have been on a roll. Is their luck about to run out? THE media had a field day recently when Charles Barkley, a retired basketball player, was forced to pay a gambling debt... Read More >>

Resorts on Strip dealing

Author: A. Knightly, Las Vegas Review-Journal  Date: 06.25.08

With gasoline prices on the rise and the U.S. dollar declining internationally, Strip hotels are slashing prices to lure budget-minded customers. Leading into the Fourth of July weekend, properties... Read More >>

Public workers getting a bad rap

Author: J. Ralston, Las Vegas Sun  Date: 06.25.08

So what can we do with all these overpaid government workers who rake in more than the poor slobs in the private sector here? Here’s an idea: Let’s take away their cost-of-living... Read More >>

WAITING TO RECOVER

Author: T. Illia, Las Vegas Business Press  Date: 06.23.08

Southern Nevada's commercial real estate market has softened somewhat as a result of the housing downturn and the resulting tightened credit availability for land-secured loans... Read More >>

Apartment rents flatten in 2008

Author: T. Illia, Las Vegas Business Press  Date: 06.23.08

A souring economy, rising unemployment, and a housing downturn are negatively affecting Southern Nevada's apartment market. The valley reported flattened rent growth in the first quarter... Read More >>

CHAMBER OF COMMERCE: Studies examine salaries

Author: E. Vogel, Las Vegas Review-Journal  Date: 06.23.08

CARSON CITY -- A Las Vegas Chamber of Commerce study released today found state and local government workers in Nevada earn 28 percent more than workers in the private sector... Read More >>

ECONOMY: State's jobless rate at 14-year high

Author: J. Robison, Las Vegas Review-Journal  Date: 06.21.08

As a world-class culinary destination, Las Vegas should offer a buffet of job opportunities for food-and-beverage worker Jeff Hill. Instead of feasting on multiple offers, though... Read More >>

Target still vague as special session looms

Author: D. Schwartz, Las Vegas Sun  Date: 06.20.08

Carson City — Let’s say your kitchen floods and you need to set aside money for the repairs. You ask the contractor for an estimate. He checks the damages... Read More >>

Las Vegas pushing growth to limits

Author: A. Choate, Las Vegas Review-Journal  Date: 06.18.08

In far northwest Las Vegas, the city ends abruptly. One side of the street has houses and sidewalks, and the other has open space, including an environmentally sensitive area called... Read More >>

Voit Opens Last Piece of Pacific Business Center

Author: B. Miller, GlobeSt.com  Date: 06.16.08

216,317-sf final phase of Pacific Business Center. The Newport Beach, CA-based company was retained by Northwestern Mutual Life Insurance Co. to complete the 13-building... Read More >>

We’re spending more on gasoline, less on having fun

Author: S. Kanigher, Las Vegas Sun  Date: 06.16.08

Gas prices are siphoning tens of millions of dollars out of Clark County’s economy as money is being spent at the pump instead of at restaurants, on entertainment and on other discretionary items... Read More >>

Apartment Deliveries to Slow in ’08, Stop in ‘09

Author: B. Miller, GlobeSt.com  Date: 06.13.08

LAS VEGAS-New apartment projects are popping up around the region, mostly around the Interstate 215 beltway, to meet the anticipated demand expected from all the resort development occurring... Read More >>

On the Ground: Las Vegas

Author: S. McLinden, SCT  Date: 06.08.08

That web of construction cranes jutting into the sky over Las Vegas may be causing some misperceptions about the ordinarily recession-resistant city. The fact is, several casino and retail projects... Read More >>

MOONLIGHT MADNESS

Author: M. Miller, Las Vegas Review-Journal  Date: 06.08.08

Las Vegas is a 24-hour town, and opportunities for extra income are available around the clock. Whether brewing coffee at the break of dawn or working away the weekends, an increasing number... Read More >>

Home inventory increases in May

Author: H. Smith, Las Vegas Review-Journal  Date: 06.06.08

The inventory of homes for sale in Las Vegas crept up to 23,348 in May, about 400 more than the previous month, the Greater Las Vegas Association of Realtors reported Thursday. Inventory, considered... Read More >>

Crown JV Drops $475M Option, Loses $70M

Author: B. Miller, GlobeSt.com  Date: 06.05.08

LAS VEGAS-With one month left to pull the trigger--and having made an estimated $70 million in non-refundable payments--a group of investors has dropped their option to acquire... Read More >>

SHIFT WORK

Author: V. Miller, Las Vegas Business Press  Date: 06.04.08

Las Vegas is a 24-hour town, and opportunities for extra income are available around the clock. Whether brewing coffee at the break of dawn or working away the weekends, an increasing number of locals are two-timing their main jobs... Read More >>

Homeowners, you can almost touch bottom

Author: J. Robison, Las Vegas Review-Journal  Date: 06.04.08

That's not just an endless series of queries from road-weary kids on summer vacation. It's also become the plaintive cry of local homeowners desperately seeking the bottom... Read More >>

Waiting for the Rebound

Author: K. Foley, Nevada Business Journal  Date: 06.01.08

The industrial market in Nevada is experiencing the same slowdown that is affecting other segments of the overall economy. While several factors have contributed to rising vacancy... Read More >>

With few exceptions, gaming stocks sliding

Author: H. Stutz, Las Vegas Review-Journal  Date: 05.31.08

Wall Street investors do not expect a turnaround in the Las Vegas gaming market anytime soon. They also aren't impressed by the figures coming out of Macau... Read More >>

Lose Homes, Pay More Tax

Author: J. Glater, New York Times Date: 05.30.08

Some of the biggest losers in the real estate slump are not purchasers of mansions they could not afford. They are buyers of second homes — or third ones, for that matter... Read More >>

TOURISM: If not by air, then how?

Author: B. Spillman, Las Vegas Review-Journal  Date: 05.27.08

Cuts to the number of flights to Las Vegas could outlast the nation's current economic dip, making it more costly and inconvenient to get to one of the world's top tourist... Read More >>

Brokerage hired to market Vegas Grand condos

Author: H. Smith, Las Vegas Review-Journal  Date: 05.26.08

Lehman Bros., which recently gained control of the financially troubled Vegas Grand luxury condominium project near Flamingo Road and Swenson Street, has hired CB Richard... Read More >>

Groups that help needy finding the need is great

Author: T. Pratt, Las Vegas Sun  Date: 05.25.08

The economic downturn is hitting low-income residents in Nevada faster and harder than in the rest of the country, according to a Las Vegas Sun analysis. Tens of thousands of Las Vegas Valley residents... Read More >>

Foreclosure fallout

Author: B. Eckhouse, Las Vegas Sun Date: 05.20.08

Peggy Montgomery fidgets as she waits for her husband to return from the mailbox, hoping he will be waving a refunded security deposit. The Montgomerys were forced to move recently... Read More >>

Apartment market holds steady in first quarter

Author: H. Smith, Las Vegas Review-Journal  Date: 05.19.08

While most sectors of Southern Nevada's real estate market have suffered from the subprime mortgage crisis and rising foreclosures, the apartment market remained stable... Read More >>

Las Vegas's bank broken on wheel of fortune

Author: T. Bawden, From Las Vegas- TimesOnLine UK  Date: 05.17.08

As the ultimate expression of the American Dream, it is fitting that Las Vegas should lie at the centre of the US housing nightmare. Sin City has been America’s biggest boomtown... Read More >>

Tumbling home prices seen

Author: J. Robison, Las Vegas Review-Journal  Date: 05.16.08

A national finance magazine predicts more big price drops in the Las Vegas housing market, and that devaluation could mean more pain for the local economy, experts say... Read More >>

OFF-STRIP LAND VALUES FALL 25 PERCENT IN FIRST QUARTER

Author: T. Illia, Las Vegas Business Press  Date: 05.15.08

A souring economy and a housing market downturn helped lower vacant valley land values in the first quarter of 2008, reports Applied Analysis, a local financial consultancy... Read More >>

Nothing against move to Nevada

Author: J. Robison, Las Vegas Review-Journal  Date: 05.14.08

The Silver State's reputation as a haven of nonstop economic progress began sporting some tarnish in 2007. Annual job growth in Nevada plunged from 6 percent in 2006 to 1 percent... Read More >>

School officials see past dip

Author: J. Haug, Las Vegas Review-Journal  Date: 05.13.08

Clark County School District officials hope timing isn't everything. They're out to persuade voters to approve a $7 billion bond measure in November when the nation's economic downturn is expected... Read More >>

LV visitation numbers tumble

Author: B. Spillman, Las Vegas Review-Journal  Date: 05.10.08

The number of people who visited Las Vegas in March fell 1 percent to about 3.4 million, prompting resort operators to lower hotel rates to keep rooms full... Read More >>

At last, positive signs in housing

Author: H. Smith, Las Vegas Review-Journal  Date: 05.07.08

For the first time since September 2005, sales of single-family homes in Las Vegas rose from the same month of the previous year, the Greater Las Vegas Association of Realtors... Read More >>

Industrial market remains robust in first quarter

Author: T. Illia, Las Vegas Business Press Date: 05.06.08

Southern Nevada's industrial market remained strong in the first quarter, recording a 6.1 vacancy rate, CB Richard Ellis reports. Other markets, by comparison, are reporting... Read More >>

Barden confident he'll beat casino obstacles

Author: M. Belko, Pittsburgh Post-Gazette  Date: 05.05.08

Don Barden isn't the only one feeling the financial pinch these days. With money tight and interest rates high, casino owners from Atlantic City to Las Vegas are postponing... Read More >>

April cruel to gaming stocks

Author: J. Robinson, Las Vegas Review-Journal  Date: 05.01.08

Publicly owned gambling companies lost 2.5 percent of their value in April, in large part due to economic tumult that has home prices in the basement and oil costs... Read More >>